“News neutrality by unbiased coverage”
One News Page
> >

Universal mCloud partners with Silicon Valley's Cypress Envirosystems to grow smart-building monitoring market in Canada

Proactive Investors Wednesday, 11 April 2018
Tech and IoT group Universal mCloud Corp (CVE: MCLD) is to team up with Silicon Valley firm Cypress Envirosystems to tap into the large smart-building monitoring solutions market in Canada. Older, pneumatic thermostats are preventing facility managers from installing an energy management system like Universal mCloud's to help them cut energy costs. It is estimated that 70% of North America facilities are still using legacy systems, which prevents them from effectively using IoT based smart building solutions. Cypress's patented, pneumatic-to-digital controller is the only technology available that effectively upgrades these non-digital energy control systems without significant disruption, Universal said. "When Cypress's new wireless device is installed, within a mere 15 minutes, a pneumatic, non-digital thermostat becomes a real-time, IoT thermostat, that is controllable via mCloud's AssetCare system, and is ready to be monitored and optimized by AI driven algorithms 24/7. For facility managers this is a dream come true," said Harry Sim, Cypress CEO. "Replacing pneumatics with a traditional DDC system involves massive rewiring, months of disruptive installation and a huge expense. "The mCloud-Cypress combined solution enables immediate energy optimization and savings without significant upfront capital costs and with virtually no downtime. We are truly excited about our partnership with mCloud." Meanwhile, Russel McMeekin, president and chief executive at mCloud, added: "We expect to jointly close contracts with Cypress in Canada. Cypress has a very impressive Canadian installed base already with a number of large universities, schools, government buildings and hospitals. "The CEO of Cypress and I have had a very close working relationship when we were both executives at Honeywell. As Canadian natives we see this as a very large and quickly scalable market opportunity." Universal has been on a roll recently. Earlier this month, it revealed it was making inroads into the huge Chinese market - inking a letter of intent (LOI) for a partnership with SCN Ltd. SCN is one of the top-20 commercial building contractors in the People's Republic, mCloud, a specialist in AI (artificial intelligence), said. The agreement is to provide mCloud's AssetCare HVAC (heating, ventilation, and air conditioning) solution, initially at big commercial buildings, and the first installation of the AssetCare product is expected to start by the middle of this year. The LOI is expected be converted to a definitive agreement later this quarter.
Credit: Veuer - Published < > Embed
News video: Burned-out Silicon Valley House On Market for a Cool $800,0000

▶ Burned-out Silicon Valley House On Market for a Cool $800,0000 00:56

A house in San Jose California that suffered major fire damage is on the market for $800,000. Veuer's Sam Berman has the full story.

Recent related news from verified sources

Envirosuite Ltd grows Carbones del Cerrejon coal account to include water and blasting monitoring

Envirosuite Ltd (ASX:EVS) mining client Carbones del Cerrejon has significantly upgraded its account to include blasting and water monitoring technology...
Proactive Investors - Business

Covalent Metrology Acquires Advanced High Resolution XRD / XRR System from Rigaku Corporation

Covalent Metrology announced today that it has taken delivery of a top-of-the-line, fully-equipped Rigaku SmartLab X-ray Diffraction (XRD) system at its Silicon...
PRWeb - Press Releases

3M to Sponsor Prospect Silicon Valley

ProspectSV Announces New Corporate Sponsor SAN JOSE, Calif. (PRWEB) October 08, 2018 Prospect Silicon Valley (ProspectSV) has announced their newest...
PRWeb - Press ReleasesAlso reported by •Business Wire

Major Technology Firms in California’s Silicon Valley Are Upgrading to NEC’s iPASOLINK® EX-Advanced Radio

IRVING, Texas & TOKYO--(BUSINESS WIRE)--NEC Corporation of America (NEC), along with NEC Corporation, is pleased to announce large technology companies in...
Business Wire - Press Releases

You Might Like

Tweets about this

Other recent news in Business

UK inflation drops sharply and unexpectedly as BREXIT price squeeze slows downCYPRIOT BUDGET AIRLINE COBALT HAS SUSPENDED OPERATIONS
Weed stocks are sliding as Canada becomes the 2nd COUNTRY to legalize marijuanaThe combined jackpots for the next Powerball and MEGA MILLIONS are over $1 billion — here are 8 over-the-top things you could buy if you won

Recent related videos from verified sources

Weed Stocks Slide As Canada Legalizes Marijuana [Video]Weed Stocks Slide As Canada Legalizes Marijuana 00:47

Markets Insider reports Weed stocks were set to slide at Wednesday's opening bell after Canada become the second country to officially legalize marijuana. Three of the largest marijuana producers by..

Credit: Wochit Business - Published

A Guide to Investing in the Fast-Emerging Cannabis Industry [Video]A Guide to Investing in the Fast-Emerging Cannabis Industry 56:26

Cannabis becomes legal in Canada starting tomorrow and that is generating a lot of interest from investors. So, what can we expect when trading gets underway? Real Money's Stephen Guilfoyle writes,..

Credit: The Street - Published

Striking Options: Earnings, Gold, & Nasdaq [Video]Striking Options: Earnings, Gold, & Nasdaq 03:38

In this video Jeff Kilburg, CEO of KKM Financial and Bob Iaccino, Chief Market Strategist for Path Trading Partners discuss how volatility in global equities is firming demand for safe-haven assets..

Credit: The Street - Published

Market of the Week: Euro FX [Video]Market of the Week: Euro FX 03:17

In this video Dan Gramza, President of Gramza Capital Management, Inc. is focusing on the December euro futures market and discusses what fundamental releases to watch this week.

Credit: The Street - Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest